OSI Industries is among the leading food processing companies in America. Forbes listed it as the 58th largest private company in America. This came as no surprise as its average annual revenue is $6.1 billion, and it has about 20,000 employees. Its headquarters are in Aurora, Illinois, but it also has several other operations in various parts of the U.S., Europe, and Asia.
Excellent Leadership through the Years
OSI Industries was founded in 1909 – that is over 100 years of excellence and still counting. One thing that OSI prides itself on is its leadership. The leadership of the company has changed severally over the years but their core values remain the same, hence the success of the company despite changing leadership. The company is very good in succession planning, which is what many companies fail to do, leading to failure when leadership changes.
Growth and expansion
OSI has grown through making partnerships with other companies in the food processing industry. This way, they expand their product offering and get to enjoy the companies’ already established markets. Hence, market penetration is much easier. One of its most recent acquisitions was Flagship Europe in December 2016. Flagship Europe is well established in the UK food processing market. It also operates in the food-to-go sector through its subsidiary, Calder Foods. This has given OSI Industries access to the UK processed foods and food-to-go markets.
Such strategic partnerships have been a major driving force in the growth and expansion of OSI. When they form partnerships with other companies, they give them some level of independence to avoid losing clients due to drastic changes in the mode of business operations. Additionally, the partnerships also give the partner companies access to OSI’s market, and it is always a win for everyone involved.
It is clear that OSI means business. The company has been growing at an exponential rate over the last few decades. Even with all its achievements and all the new markets it has conquered, the company is still focused on growth and expansion to more markets all over the world because of the growing demand for its products.
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